Role of Knowledge in Alliances: A Meta-Analysis

摘要

Strategic alliances promise an effective means for companies to fill critical gaps and gain position of competitive advantage. A majority of executives believe alliances represent a prime vehicle for future growth, and alliances are expected to account for an increasing percentage of company value. Yet despite the prevalence of alliances, estimates are that up to 75 percent of them fail. The authors investigate, using a meta-analytic technique, underlying factors that lead to alliance success. They find that the role of knowledge is a significant predictor of alliance success. They also find that cohesion and environmental uncertainty are important moderators.